The 60/80/90 Question: Do You Need to Recalculate Your Retirement Number?

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How much money are you planning to sock away for retirement?

Whether it’s a ballpark figure (“$1 million should cover me, right?”) or a carefully considered sum, figuring out the retirement number that will fit your needs requires first calculating your replacement ratio—the portion of your current income that you’ll need to “replace” each year once you’re retired.

LearnVest certified financial planner™ David Blaylock explains how a replacement ratio works, how to determine the kind of income that you’ll need to maintain your lifestyle in retirement—and why the 50/20/30 rule should be an important part of your retirement plan.

LearnVest Planning Services is a registered investment adviser and subsidiary of LearnVest, Inc. that provides financial plans for its clients. Information shown is for illustrative purposes only and is not intended as investment advice. Please consult a financial adviser for advice specific to your financial situation.